South Korea Arterial Filter Market Size, Share, and COVID-19 Impact Analysis, By Age Category (Adult and Neonatal/Pediatric), By End-use (Hospitals, Ambulatory Surgical Centers, and Others), and South Korea Arterial Filter Market Industry Trend, Forecasts to 2035
Industry: HealthcareSouth Korea Arterial Filter Market Insights Forecasts to 2035
- The South Korea Arterial Filter Market Size Was Estimated at USD 11.78 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 6.94% from 2025 to 2035
- The South Korea Arterial Filter Market Size is Expected to Reach USD 24.63 Million by 2035
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According to a research report published by Spherical Insights & Consulting, the South Korea Arterial Filter Market is anticipated to reach USD 24.63 million by 2035, growing at a CAGR of 6.94% from 2025 to 2035. The market growth can be attributed to the rising incidence of cardiovascular diseases (CVDs) worldwide, increasing demand for cardiac surgeries, and advancements in cardiopulmonary bypass technologies.
Market Overview
The arterial filter market comprises medical devices used during cardiopulmonary bypass surgeries to trap and remove air bubbles and debris from the blood, preventing complications like embolism. These filters enhance patient safety and improve surgical outcomes by reducing the risk of neurological and cardiovascular events. Growing prevalence of cardiovascular diseases, advancements in cardiac surgery, and increasing number of cardiac procedures present significant growth opportunities. In South Korea, government initiatives focusing on improving healthcare infrastructure and increasing awareness about cardiovascular health are boosting market demand. Additionally, investments in advanced medical technologies and supportive reimbursement policies further encourage the adoption of arterial filters, fostering innovation and expanding access to safer cardiac care across healthcare facilities.
Report Coverage
This research report categorizes the market for South Korea arterial filter market based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea arterial filter market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea arterial filter market.
South Korea Arterial Filter Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 11.78 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | 6.94% |
2035 Value Projection: | USD 24.63 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 126 |
Segments covered: | By Age Category, By End-use and COVID-19 Impact Analysis |
Companies covered:: | JW Medical, Oscotec Inc., Samwon Meditech Co., Ltd., Hanmi Science Co., Ltd., Venture Medical Co., Ltd., Sinsung Medical, Insung Medical Co., Ltd., Medisafe, Sewon Cellontech, MediPlus Co., Ltd., BioWave, Cure Medical, Others. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The increasing prevalence of cardiovascular diseases, particularly among the aging population, leads to a higher number of cardiac surgeries requiring arterial filters. Innovations in filter design, such as improved biocompatibility and reduced priming volumes, enhance patient safety and surgical outcomes, driving market demand. Investments in healthcare infrastructure, including the establishment of regional cardiovascular centers, improve access to advanced cardiac care, further increasing the need for arterial filters.
Restraining Factors
Developing advanced arterial filters involves significant investment, making them expensive and potentially limiting accessibility, especially in price-sensitive regions. The complex and time-consuming approval processes for medical devices can delay product launches and increase costs for manufacturers. Fluctuating economic conditions and rapid technological evolution can lead to reduced spending and product obsolescence.
Market Segmentation
The South Korea arterial filter market share is classified into age category and end-use.
- The adult segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea arterial filter market is segmented by age category into adult and neonatal/pediatric. Among these, the adult segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. The high prevalence of cardiovascular diseases and the growing number of adult patients undergoing cardiopulmonary bypass surgeries. An aging population and lifestyle-related health conditions like hypertension and diabetes contribute to increased surgical procedures requiring arterial filters. Advancements in adult cardiac care and government initiatives promoting early diagnosis and treatment are further driving demand.
- The hospitals segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea arterial filter market is segmented by end-use into hospitals, ambulatory surgical centers, and others. Among these, the hospitals segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. The high volume of cardiovascular surgeries and advanced medical infrastructure. Hospitals are primary centers for complex procedures like open-heart surgery, where arterial filters are essential for patient safety during extracorporeal circulation. Government investments in public healthcare, rising cardiac disease incidence, and access to skilled professionals support hospital-based treatments.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea arterial filter market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- JW Medical
- Oscotec Inc.
- Samwon Meditech Co., Ltd.
- Hanmi Science Co., Ltd.
- Venture Medical Co., Ltd.
- Sinsung Medical
- Insung Medical Co., Ltd.
- Medisafe
- Sewon Cellontech
- MediPlus Co., Ltd.
- BioWave
- Cure Medical
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea arterial filter market based on the below-mentioned segments:
South Korea Arterial Filter Market, By Age Category
- Adult
- Neonatal/Pediatric
South Korea Arterial Filter Market, By End-use
- Hospitals
- Ambulatory Surgical Centers
- Others
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